What Is the Term for Goods That Are Consumed Quickly

question 117

Multiple Choice

What is the term for goods that are consumed quickly?

• A) durable goods
• B) non-durable goods
• C) primary goods
• D) secondary goods

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Definitions:

Legally Obligated

It means being bound or required by law to do something.

Capacity

The legal competency to enter into agreements or contracts, often related to age, mental state, and understanding of obligations.

Valid Contract

A legally binding agreement between parties to do or not do certain things.

Avoid Liability

Strategies or actions taken to minimize or evade legal responsibility or penalties.